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Operational risk quantification — scenarios

Scenario analysis can be a useful, eye-opening experience for organizations attempting to understand some of the more challenging risks they face in their environment. However, performing a robust scenario analysis is not as easy as it looks at first blush. At the core of difficulty is the way qualitative and quantitative elements sit side-by-side in this process.

Read this white paper to explore the uses that good scenario programs can be put to, best practices around scenario analysis data collection and the benefits and challenges of using scenarios in an operational risk framework. The first in a series of five papers, the topics of the other four papers will focus on the Advanced Measurement Approach, stress testing, structural models and cost: benefit and analysis.